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Letter Of Sale Of Motor Vehicle Template for Malaysia

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Key Requirements PROMPT example:

Letter Of Sale Of Motor Vehicle

"I need a Letter of Sale of Motor Vehicle for selling my personal Toyota Camry to a private buyer in Malaysia, with full payment to be made upon signing and vehicle delivery scheduled for March 15, 2025."

Document background
The Letter of Sale of Motor Vehicle is a crucial document in Malaysian vehicle transactions, designed to protect both buyers and sellers by clearly documenting the transfer of vehicle ownership. This document is required for compliance with Malaysian regulations, particularly the Road Transport Act 1987 and related transport legislation. It serves as evidence of the sale transaction and is necessary for vehicle registration transfer at the Road Transport Department (JPJ). The letter includes comprehensive details about the vehicle, sale price, and parties involved, along with warranties and declarations regarding the vehicle's condition and ownership status. It's commonly used in both private sales and commercial transactions, with variations possible depending on whether the parties are individuals or corporations. The document must be properly executed, witnessed, and may require stamping under the Stamp Act 1949 to be legally admissible.
Suggested Sections

1. Date: Current date when the letter is being executed

2. Seller Details: Full name, NRIC/passport number, and complete address of the seller

3. Buyer Details: Full name, NRIC/passport number, and complete address of the buyer

4. Vehicle Details: Complete specifications including make, model, year, color, engine number, chassis number, and registration number

5. Sale Price: Agreed purchase price in Malaysian Ringgit (both in numbers and words)

6. Payment Terms: Details of how and when payment has been or will be made

7. Transfer of Ownership: Statement confirming the transfer of ownership and responsibilities

8. Vehicle Condition: Description of the current condition of the vehicle and any known issues

9. Seller's Declarations: Statements confirming legal ownership, absence of encumbrances, and authority to sell

10. Signatures: Space for both parties to sign with witnesses

Optional Sections

1. Warranty Statement: Include when specific warranties are being provided by the seller

2. Outstanding Loans: Include when there are existing loans that need to be settled as part of the sale

3. Collection Terms: Include when vehicle collection arrangements need to be specified

4. Conditional Clauses: Include when sale is subject to specific conditions like inspection or loan approval

5. Insurance Transfer: Include details about transfer or termination of existing insurance policy

Suggested Schedules

1. Vehicle Registration Card: Copy of the original vehicle registration card

2. Service History: Records of vehicle maintenance and service history

3. Inspection Report: Recent vehicle inspection report if available

4. Insurance Documents: Current insurance policy documents

5. Photos: Photographs of the vehicle showing its current condition

6. Previous Sale and Purchase Agreements: If applicable, documents showing chain of ownership

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




















Clauses




















Relevant Industries

Automotive

Banking and Finance

Insurance

Legal Services

Transportation

Fleet Management

Vehicle Leasing

Used Car Dealerships

Corporate Services

Private Transportation

Relevant Teams

Legal

Procurement

Administration

Compliance

Operations

Fleet Management

Sales

Risk Management

Corporate Services

Documentation

Relevant Roles

Legal Counsel

Fleet Manager

Procurement Manager

Administrative Officer

Company Secretary

Compliance Officer

Sales Manager

Vehicle Asset Manager

Operations Manager

Risk Manager

Contract Administrator

Legal Administrator

Documentation Specialist

Vehicle Sales Executive

Corporate Services Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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